13 people affected, only the two co-founders remain
The pair wrote that the team had been let go due to "nothing substantial materialising directly after our visit to GDC," adding: "We’ve unfortunately exhausted all our possible options for publishing, work for hire, and co-development."
Instead of licensing out properties, Hasbro is attempting to build internal teams.
The company has four AAA studios right now:
North Carolina-based Atomic Arcade, which is working on a Snake Eyes GI Joe game
Montreal-based Invoke Studios is working on a Dungeons & Dragons game
Austin, Texas-based Skeleton Key is "doing something spooky
Another Austin, Texas studio, called Archetype, where BioWare veteran and Star Wars: Knights of the Old Republic lead designer James Ohlen is working on a new franchise called Exodus